Rest Less, a Social Enterprise Startup Focussed on the Over 50s, Raises £3 million in Seed Funding
by Startacus Admin
Major investment for 'Rest Less', the jobs, volunteering, advice and money information site for the over 50s
Investment news from Rest Less, a social enterprise startup offering jobs, volunteering and guidance for the over 50s, with the announcement that it has just raised £3 million in seed funding. 
Rest Less launched in December 2018 as an online platform, specifically targeted at the growing population of over 50s. It offers fulfilling opportunities to work, volunteer or find a new career path. Since launch, Rest Less has been on a mission to raise awareness of the challenges faced by this demographic in the workplace.
The investment round was led by QED Investors, a leading boutique venture capital firm based in the US. There was also participation from 1818 Venture Capital alongside a number of angel investors. Early investors in Rest Less include Octopus Ventures.
The investment will be used to continue to build and enhance the Rest Less platform and expand quality services to its users.
%20(1).jpg "Stuart Lewis")
Stuart Lewis, Founder and Chief Executive Officer at Rest Less, commented:
“We are excited to improve and grow the Rest Less platform so we can help more over 50s in the workplace, but also in other areas of their lives. Since launch, we have worked hard to raise awareness of the challenges our audience face, as well as highlighting the many positives they can bring to the workplace and wider society.
‘We want to help this under-served, and under-represented group of individuals navigate the challenging and ever changing employment landscape - as well as helping them to find broader mental and financial well being as a result.”
Yusuf Ozdalga, Partner at QED Investors, added:
“Society is ageing and the employment and financial services landscape for the over 50s is changing with it. This demographic is chronically underserved, which brings exciting business opportunities for those who understand the audience, and who are focussed on helping them achieve what is important to them. Rest Less stood out to QED as a business squarely focussed on championing the needs of its audience and raising awareness of the issues they face. With demographic trends on its side, Rest Less offers that perfect intersection of an exciting business opportunity with a strong social purpose at its core.”
With 20 million adults in the UK aged between 50 and 74 and with 80% of the growth in employment over the last decade coming from the over 50s, we reckon that Rest Less is most certainly one to watch.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Proptech startup Speiz secures seed investment to support its mission of digitally transforming the broken brokerage market.
The lowdown on Manchester based startup Chatloop and its mission to transform social media, giving you the power to start conversations on any website.
BT reveals new cohort of innovative startups aiming to help solve sustainability challenges in the manufacturing sector.
London-based startup Ribbon is on a mission to help other businesses better understand their users and build better product experiences.
London-based SaaS startup OutThink has developed an innovative approach to help companies to visualise risk, target interventions and prevent data breaches.
Participants in Catalyst’s Co-Founders programme offered opportunity to avail of a £10,000 proof of concept grant from Techstart to help validate their business idea.
Atoa announces pre-seed funding for its solution to empower and improve cash flow for independent, small and mid-sized UK retail merchants.
 Tong Gu, Reem Mobassaleh Wyndham and Monik Pham.jpg)
Pact launches its first £30M fund to back early-stage European tech startups using technology for economic inclusion, well-being and climate solutions.
Paris-based startup Immortal Game uses blockchain technology to add a new dimension to the most played board game in the world.
Co-Founders seeking people with innovative ideas and desire to create startups that could change the world for its 2023 programme.
Published on: 9th March 2020
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Norwegian proptech Speiz raises €1.3M to launch new European platform for warehouse leasing 5th Dec 2022 Proptech startup Speiz secures seed investment to support its mission of digitally transforming the broken brokerage market.
- BT pushes ahead with new sustainable digital solutions through its Green Tech Innovation Platform 1st Dec 2022 BT reveals new cohort of innovative startups aiming to help solve sustainability challenges in the manufacturing sector.
- Catalyst and Techstart offering startup co-founders the chance to win £10k proof of concept grants 30th Nov 2022 Participants in Catalyst’s Co-Founders programme offered opportunity to avail of a £10,000 proof of concept grant from Techstart to help validate their business idea.
- UK fintech Atoa secures $2.2M pre-seed round as it kills Visa and Mastercard fees for businesses 24th Nov 2022 Atoa announces pre-seed funding for its solution to empower and improve cash flow for independent, small and mid-sized UK retail merchants.
